scandium

Sunrise Energy Metals secured $400 million in long-term debt financing from the Pentagon to expand its production of scandium, a rare earth element crucial for aerospace and defense. This deal aligns with Washington's objective to diversify supply chains away from China.

Sunrise Energy Metals Ltd., an Australian scandium miner, saw its shares soar after securing financing. The company obtained up to $400 million in long-term debt funding from the US Department of War.

Lockheed Martin is negotiating to purchase scandium and germanium from U.S. mines to reduce reliance on China, following pressure from President Trump. The deals aim to build domestic mineral supply chains but face challenges like lower Chinese prices and limited U.S. production capacity.